Jefferies upbeat on Australia's HomeCo; shares gain

HomeCo Daily Needs REIT

12/12/2025 04:13

Updates

** Shares of HomeCo Daily Needs REIT's HDN.AX rise as much as 1.8% at A$1.4, highest level since December 4

** Jefferies says co's December valuations showed strong like for like gains of 3% and 5 basis points of cap rate tightening

** Brokerage sees scope for a potential upgrade at the February results

** Adds, the market likely expected a punchier headline given the strong tailwinds behind convenience retail

** Margin gains from refinancing ~44% of drawn debt are being eroded by base-rate moves since August results - Jefferies

** Stock up 21.8% YTD

 (Reporting by Kumar Tanishk and Nichiket Sunil in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))